Question

As a successful businessperson, Ben wanted to take the next step to expand his mid-size company internationally. He knew he didn’t have enough capital and know-how to get into foreign markets. He contacted a former business associate who owned a garment manufacturing company in Australia. Together, they worked out a deal that would benefit both of their companies in a relationship that would last no longer than one year.

Answer 1

please complete your question

Answer 2

A next step tp expand mid-size company internationally

Explanation:

• So we can say that where I think he contacted a former business associate who owned a garment manufacturing company in Australia

• So we can say that where together, they worked out a deal that would benefit both of their companies in a relationship that would last no longer than one year.  
• That would be Joint venture
• Because we can say that where a joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and, of course, profits.
• So we can say that where I think a joint venture differs from a merger in the sense that there is no transfer of ownership in the deal.
• So for a successful business man joint venture is crucial factor of the ownership.